Crypto Mobile Crypto

Rating of mobile crypto mining applications and my thoughts

For those who don’t know, I am rather interested in those crypto mining apps. Not just because they give “free money” but I think they are a great way to promote crypto projects. I am pretty sure that most of these projects will not be that well known if not for the fact that they are giving away free crypto (via mobile “mining”) to anyone who uses their application. In most cases, all you have to do is to login to their application and press a few buttons to get your daily “free” crypto. Of course I am not saying that all of them will be (or will become) successful but in this market full of such crypto projects, it can be very difficult to stand out of the pack. And giving away free crypto is one of the better ways. The project gets public interest and we get some rewards in return. And in most cases, the platform requires their users to refer to others to join the project. And do note that some of these projects have millions of active users (or so they claim).

Anyway here are my ratings for some of them. I have divided in 3 sections – one for the most bullish, the second for the ones I think could be successful and the last for ones that is highly unlikely to be successful. And yes, some projects are just to early in the beginning stages, so please understand that there is no such thing as certainty. I will update this page often as I get news or updates on these projects.


  1. Pi Network. The granddaddy of them all and in my opinion, the top dog as well. So yes I am very bullish about this mobile crypto “mining” project. It has been a long long road and they seem to be able to launch their token very soon. Furthermore, it looks like they have tons of 3rd party developers on board and numerous dapps in the works. It is looking very positive I must say. Although at times their progress seems to be a bit slow but I can see features and development going on constantly. Slow sometimes can be good as well. If you are looking to get into crypto mining and don’t have time to waste, this should be the one you look at. If this project is not successful, I am pretty sure it will shake the confidence for users on other similar projects. Just think of the Pi Network as the Bitcoin granddaddy for these kind of projects. Sure it is not as exciting as other projects but I think there is no doubt that everyone is looking very intently at what will happen. If the project becomes successful, the rest of the legitimate ones will follow suit. I believe that token launch should be somewhere at the end of this year. I have no idea what the value of the Pi Token will be though.
  2. Hi Dollars. A relatively young crypto “mining” project but I can see the potential in this one. It is looks to be another Defi project which I believe there is more area for growth. Come on, Defi projects are all the rage in the cryptosphere right now. But the main reason I am bullish about this project is that they have been constantly adding features to their platform. Even though they began just early this year, their token has been launched and their earnings feature has already been started. You can earn up to 40% APY for keeping the Hi tokens. I can see that they have some financial muscle behind the team as well. Oh, at the moment their app is not ready yet, so users have to use Telegram or Whatsapp or use their web app to claim the rewards. Their Telegram group is very active so that is also a good sign. As for the rewards, you get about 1 Hi Token per day. At the time of writing, it is about USD 0.60. Currently the token is available for trading at Uniswap. For “members” who purchased tokens from their site, they have this membership benefits thingy. From what I can gather, they will offer their members some lifestyle benefits like free subscriptions or offers. Disclaimer: I have invested in their project. This is however not to encourage my readers to invest as there are always risks when in comes to investing. As I believe this to be a long term project, I will be holding on to the tokens for the time being.
  3. Eagle Network. Okay I do admit at first glance this kind of looks scammy. But hear me out – I am guessing the reason is because the developers are not native English speakers as the wordings in their whitepaper do sound a bit off to most of us. But judging from the development of the crypto “mining” project, I am quite confident that this project is not a scam and they are legit. And I am thinking that they do not have a huge development team and do not have the huge financial backing that the other big projects have but the break neck speed where they pump out features and changes does indicate that they are serious about the project. If it is a scam, pretty sure that they won’t take so much effort to develop the project. I have been browsing their Telegram support group and they do have quite a following as well. Their token(s) will be launched soon as well. Apparently they will have 3 tokens – one native token on BSC, one for swap (yes, they are going to be a decentralized crypto exchange) and finally another coin when they launch their own blockchain. The value of these tokens are unknown at this time and I would hate to make any speculation.


  1. Star Network. Another Defi project but still very young to tell whether it will be successful. However with the effort they put into their whitepaper and the speed at which they are growing, I think this certainly has some potential. So if you are looking to get into a project in its infancy to get the best returns, you should consider this. And yes, it is basically an app for you to click a few buttons daily to get the rewards. They promote the platform as some sort of a “social” defi project which if you tell about it actually most of these crypto mining projects are doing the same. If you are not able to attract users through the word of mouth among friends or known associates, then these will never be successful anyway. The mining rate at the moment is quite high, so it should be “profitable” to join now. Once the rate drops, users will get lesser rewards.

I will update you guys on the developments of these crypto “mining” projects. I might be adding some potentially good looking projects as well. However these are the ones which I think will most likely succeed. Take care all!

Crypto Investments

Binance to stop serving Singapore customers

Well not all but almost all its features will not be available to Singapore customers. And those are the features that most of us care about anyway, so might as well be closing its doors to us. I am not too sure what actually spark all these but looks like it is coming from the Monetary Authority of Singapore (MAS). Previously Binance has stopped P2P trading for its customers in Singapore, so you cannot trade in SGD. It was so convenient to do P2P trading. Basically it is direct trading with others in the platform and you directly transfer funds to their bank accounts and you get cryptos in your wallet or vice versa. But now it has turned into blocking nearly all the features in Binance. Do note that this will begin somewhere in late December. So if you have crypto still stashed in Binance, you might want to transfer them out to other platform or Exchanges. However it is kind of ironic that Binance SG has been granted special permission to do crypto trading with Singapore customers. Yet again I am not too sure why MAS is targeting Binance International ( as they have been operating for quite some time with Singapore customers without any major issues. Something does not sound right here.

For me, I store a good portion of my crypto portfolio in Nexo and Hi Dollar Earnings. Nexo seems to be giving me better returns compared to the other lending platforms. Although they recently added DOGECOIN into their platform but I have not seen any other platforms with higher interests for my XRP. And Nexo makes it much easier to swap cryptos as they have their own exchange feature. Sure, it is still rather limited but it is better than nothing. As for Hi Dollars, I am rather bullish about this new project, so I threw some funds into it. And their earnings feature has just been launched and is giving up to 40% APY. That is quite a return if the APY remains the same. But of course there are some risks as it is a very young project without the kind of popularity as other crypto platforms. But everything starts small right? And I think they do have some financial muscle behind the project. Hey, they own domain name. That is one very expensive domain name.

As for other exchanges I am looking at Kucoin. The interface looks very much like Binance’s so users of Binance should be quite at ease at Kucoin. And Kucoin has good support for various types of altcoins. Some of whom are not even listed in Binance. Which to me, I think is a good thing. I want variety in my options. They do have limited support for staking and earnings. But of course nothing to the scale of Binance. The other exchange would be Huboi Global. One of the features that got me interested is that they have P2P trading in SGD as well. It is just so convenient to trade using P2P – all it takes is 15 minutes and you have your crypto or your funds in your bank. All those bank transfers from your account to the platform’s bank account and whatever verification for which account, you can skip all that. Yes, there are some risks involved but if you are careful, it should be fine. Even doing traditional bank transfers have their own risks and can come with plenty of frustrations if you don’t do it right. However as for other fees and charges, I am not too sure. I will do more research and get back to you guys. But from what I know, Huboi is quite a large crypto exchange.

Oh I am no financial advisor. Please do your own research on which platform you want to use and which is the best option for your trading style. Take care and stay strong. And of course here is to hoping that MAS will allow Binance to start their operations in Singapore again.

Crypto Mobile Crypto

Eagle Network – a little too fast, a little too much?

I have often said that to gauge whether a project is a scam or not, we will need to look at how the platform is developing. Any crypto mining project will need features. There is no such thing as a project that comes online and instantly works and developers just rake in all the success. Even Bitcoin had to improve and modify its code in order to be relevant and to have traction with the public. You should check out the development of Bitcoin when it first started and we are talking about a relatively old blockchain technology. However with that all said, the recent development of Eagle Network has led me to believe that the opposite can be true.

Allow me to explain my reasoning. If you have been following this blog and following what is happening to the Eagle Network, you can easily see what I am talking about. Within a short period of about a month, they have not only created their token on the Binance Smart Chain, they have also developed their wallet to support their staking feature, started testing their staking feature and even announce their own decentralized exchange and its own token. We are talking about so many features and changes within like a month or so. And these are stuff which should require a lot of testing to ensure it is working correctly. We are talking about blockchain here – where if there are mistakes, these will remain on the blockchain forever. And with so many changes within such a short period, the users are also getting confused with what is happening. To add to more confusion, they are trying their best to ensure that their tokens will not be dumped during launch, so they added a staked feature in their mining application. Only staked Eagle will then be allowed to be transferred to the wallet. Furthermore, they have so many different tokens in their ecosystem – their Eagle Tokens, their Egonswap tokens and finally with the launch of their own blockchain, their Egoncoin “tokens”. I don’t know man. I have been keeping myself updated and I got confused as to what the hell is happening. Just check out their telegram group. And we are not even in the KYC stage yet!

So yes I think the developers should slow down a bit. Yes they do have a very ambitious roadmap to follow. But come on, it is just way too ambitious and I think it would lead to more problems down the road. I have seen users with problems creating their wallet even. There are even users who are not able to find the staking feature in their mining application. Heck, I myself could not find the staking feature as it was deep into some obscure part of the application. Yes there is certainly nothing wrong with changing their roadmap. I don’t really understand what the rush is anyway. I think a delay of about a month or so would be better for the project overall. And they do need a lot of internal testing first. Of course that is just me. There are users who disagree and would like the project to be quickly developed and the tokens launched. But aren’t these the very people who would be the ones who will immediately sell their tokens to cash out when there is a chance? I think it is not really that healthy if the developers only listen to these group of users. And if the Eagle Network is really a long term project, why is there such a rush for these features to be pumped out? Get it right the first time. Instead of having issues and making the users have to wait for bugs to be resolved. That should be a better way. That is why I believe in the Cardano project.

Crypto Mobile Crypto

Star Network – growing very well

One of the things that attracted me to Star Network [referral code: blong1234] was that it has a very comprehensive whitepaper detailing their project. And if you have the time and you are interested in such projects, you should take a look here. Someone took a lot of effort and thought to create that whitepaper and the results are showing. The number of users have grown from 100,000 to 200,000 within a span of a week. Of course these are the numbers provided by the developers themselves and there is really no way to confirm whether this is true or not. However if it is true, then this is one of the fastest growing crypto mining networks I have ever seen. And this is amidst the huge number of similar projects out there. I think if you were to check out Youtube videos on such “free” mobile crypto mining projects, there might just be one being launched every single day. But of course most of them will fail. That is why I am only looking at those with good potential to invest some of my time on them. They do need some time investment as you will need to spend a few seconds everyday clicking buttons.

I have done a review on Star Network about 2 weeks ago. You can read it here. Nothing has changed to make me believe that this is a scam or anyway related to a scam. Of course there is no way for anyone to know whether this project will eventually succeed but things are certainly looking quite bright. With increased number of users means word is being spread regarding the project. And that means more interest and this is definitely good news for users who hold the their Star Token. The biggest problem I foresee is that the developers do not seemed to be worried about token dumping, especially on the day the Star Tokens are being launched. But this has always been a problem for crypto projects during launch. And we are now talking about their users holding a good number of tokens for a period of time and they are very eager to sell it off. So what happens if you get lots of selling within a short period of time? The price dumps/tanks. We have seen it happened just too often to pretend it will not happen. Even if they have solid fundamentals, any investor those looking at the price chart will be very concerned about the sharp fall in price. Not to mention a lot of investors do not even care about fundaments and only look at price charts for their analysis.

So if you have already been “mining” in the Star Network app, keep on mining. I will update you guys if I see any important changes. If you would like to try out this platform, I would suggest that you go to Google Playstore or the Apple App Store to download it yourself. You can use my referral code if you want. But if you have friends or relatives doing mining, then I would suggest you use their code instead. To increase the mining rate, you should invite others to join you using your own referral code. They have this “Power Up” feature which allows you to increase your mining rate. You can do this twice every day. I have gotten a 100% boost once. Do note however that this app has advertisements. Of course at the moment, I do not have that many referrals but I will keep on trying. I am indeed very bullish about this project. However you should always do your own research and learn more before you commit to anything. And for god’s sake, do not pay for anything unless you are very sure that the project will succeed. Rugpulls are very common in this industry.

If you know of any good looking crypto projects with great potential, let me know down in the comments. I am always keen to learn more about these platforms.

Crypto News

WallStreetBets – Going to crypto as well

Not sure whether you guys heard about this but it seems that WallStreetBets is aiming to get into Crypto as well. Yes those guys that supposedly destroyed those Wall Street types who shorted the GameStop stock is now looking to “educate” others about Crypto as well. Which I am guessing is considered the “smaller guys” when compared to traditional stock market and financial institutions. Of course I love it that they helped destroy those Wall Street investors and it was fun while it lasted. I mean who doesn’t like to give it to the man right? For the first time the retail investors didn’t get “rekted”. It was the those hedge fund managers and institutions. And it is not like those Wall Street types care about the company or anyone else for that matter, they are there to make money at the expense of others. So why can’t others do it to them? And this time it is not some financial guru or some famous celebrity but all the regular Joes like you and me. It is(was) pretty cool. For those who don’t know, it actually used to be a place for investors to show off their portfolios and gains.

With that said, I am not a fan of what WallStreetBets have become. What started out as a small crowd coming together to protect something which they like (or even maybe just due to nostalgia) they have become some sort of a wild beast crawling at everything and anything. Just go to the reddit and you will realize that it is a collection of people with all sorts of different agendas and different mindset. Again of course I am not saying that it is wrong or even bad to have different ideas and thoughts but that is not what WallStreetBets should be about. While I enjoy reading memes and all the fun stuff, sometimes if things goes too far there will bound be to people who get “rekted” along the way. Some of which are regular retail investors like you and me. Yes the moderators do seem to do a good job in ensuring that such things do not go overboard but as you know, once you become famous…..

Anyway it seems that there is a subreddit for Cryptos now. They used to allow discussions on the major cryptocurrencies but not others. Now they have one dedicated to just cryptocurrencies. So if you are interested, you might want to check it out here. There are a number of other crypto reddit pages but those are not the official subreddit by the same people. But as with any forum on the Internet, do take comments with a pinch of salt. And we are talking about the Cryptosphere here. There are tons of scammers and tricksters in this industry. And with these kind of losses and gains we see in the crypto market daily, do you think it is a good idea to have such a group targeting Cryptos?

Crypto Mobile Crypto

How to spot a scam/rugpull project – mobile crypto mining platforms

There is no fool proof way to spot a scam or a rugpull project but there are some red flags which you should look out for. And please do not invest a single cent into the project until you are sure that the project is stable and will at least have some chance of success. A lot of “investors” always think that we should go in at the beginning but honestly how many projects will succeed in the end? I tell you – very few. I have seen projects giving you historical examples about Bitcoin and how many times returns those early adopters get. Sure you might get lucky and become a millionaire with one successful project but those are few and far between. And for god’s sake, please do some research instead of just listening to some Youtuber or even some blog writer. And beware of social media scams as well. These are areas where scammers are targeting.

For those who don’t know what are mobile mining platforms, they are those applications which users can download to “mine” for cryptocurrencies. But all it takes is usually just a click of a button. The idea is to spread the word and have such many users as possible – because everyone has a mobile phone. So in order to optimize returns, users will need to refer other users to the platform. Some people think of it as some sort of a pyramid scheme. But most projects also get the users to refer other users to their platform as well. There are plenty of these kind of projects nowadays. Started with the Pi Network (which I am quite confident will succeed) and then now we have like hundreds of them all vying for our attention in the Google Play Store or the Apple App Store. Anyway here are some pointers and red flags for investors who are interested in the mobile mining platforms.

  1. Copy cat projects. If you have been doing crypto mining on your mobile phone for a while, you should be able to easily spot copy cat projects. Basically they copy the interface, idea, reward structure and even the whitepaper from other projects and then perhaps change the layout to repackage as their own. I have seen some copying the entire whitepaper (including the original name) and use as their own. Copy cat projects are most likely scams and cons. It shows that the “developers” are not willing to spend time and effort into doing something even remotely original. So they just copy and hope to quickly make a buck or two.
  2. Whitepaper. Probably one of the most important aspect of any project is their whitepaper. It is supposed to contain all the information about the project – its blockchain technology, the idea and concept behind the project, the rewards structure and how it will be implemented. If you see a project with their whitepaper only one or two pages – might think of staying far far away. Someone never took the effort to even think through what the project is all about. So that is a sure sign that the project is a scam. I have seen some whitepapers looking like they were written by a 10 year old. I also find it disheartening to see that such an important piece of information has tons of typo or spelling mistakes. Certainly does not inspire much confidence in the project.
  3. Non-functioning application. This might not always hold true as sometimes programs and applications do need some time to develop or even to debug. However if a project has been ongoing for months ago, I would expect most of the application to be at least usable for most of the users. I am not saying that all features are complete and functioning but at least the basics are done and what was promised being implemented. I have tried using some mining applications that users can’t even click on the mining button to start their daily mining! Some even comes with dead links here and there. I have seen some applications having bugs that wasn’t resolved even after a few weeks. If the application is running smoothly and you don’t face too much problems with it, well we know that someone did take some effort and money to develop the application properly. It should stand for something. And for those who don’t know, Apple’s App Store approval is more stringent than Google’s. It is not saying that if the project does not have an iOS version, they are scams but it does show that there might be some problems with their application.
  4. Downtime. There is no such thing as 100% uptime but if their servers go down more often than not, then you should be very concerned about the project. Most legit projects will at least have some resources to get decent servers or providers to enable good uptime.
  5. Pay for more “mining” speed. Honestly I have nothing against paying for stuff and I have nothing against smaller projects. But I am sure there are other ways to get some back some revenue like one or two advertisements in the app. Paying for increased mining speed always make me very suspicious of the project. Who knows what will happen to your money after you pay for this “added feature”? And again lets be honest, companies with more financial muscle behind them will more likely to succeed. That is a fact of life. And such companies will not need such “gimmicky” feature to get some revenue. Of course not all projects will have such luxury but this is one of the methods you can use to spot whether a project have some good financial backing behind it.
  6. Different. That is what I like to see in a project – being different. As you can see, many of these mining applications follow the same concept, you click on a button daily to start your mining and hope that the project will succeed. Basically that is what most projects are. However there are several that offers different features like staking, savings, lending, membership benefits, decentralized exchange, distributed applications and other interesting features. My favourite at the moment is the Hi Network and what they have planned for the members. You can see they did spend some time and effort to making their network more resilient to token dumping and giving more benefits to being a member. And of course we have the Pi Network – the number of dapps running on their platform is is just amazing. These should be solid projects and I am very excited to see what they will become.
  7. Trying to solve a problem. As with being different, a new project should be a platform that tries to solve an existing problem with all the current projects. There is no such thing as a perfect technology that has everything thought of – there will always be something that is holding down something. Transaction speeds? Scalability? Barriers to entry? Banking problems? Lack of real-use cases? High cost? Confusing mechanics? If you are looking at a project, you should check what it is trying to solve and if it can be successful, surely it will be something that everyone takes notice of.
  8. Website. Not that crucial but it is great that the project has an official website. It does give the project some legitimacy as well. I mean nowadays websites are not difficult to create and build up but again it is all about effort and cost.
  9. Social Media activity. One way to check whether a project is actually alive is to check their official social media. If they post often and keep updating their members about the project, at least we know that they are “alive”. Some projects do provide support via their social media accounts and if you find it full of activity with lots of users asking questions and the official team members replying, I think it is a very good sign, especially so if they have a good support team. Again somebody took the effort to hire support staff members to support their project. Most scammers or rugpull projects will not even respond to any questions at all or will only reply intermittently.

If you guys have anything you want to add, please let me know down in the comments below. And if you have any great mobile crypto mining projects that I have not covered , let me know too. I am no financial advisor. Please do your own research no matter what. Take care!


Popo Muruku spicy chicken flavour

This is an old school one. I remember when I was young, it used to be my favourite – probably because it was cheap and convenient as a snack. Even our dear Mamee noodles cannot beat it in terms of price. We are pretty poor back and as students, every cent counts right? And in the past they used to see them in small packs where you can bring them along anywhere in your pocket. So yes pretty convenient. When you need something to bite like in the class, just open one up and start snacking. I do not recall having this “spicy chicken” flavour before, so this should be a relatively new flavour option. We only had the original. Back then I didn’t even know that they were made from Tapioca and flavoured with some sort of fish sauce.

If you were to buy from the store the original Popo Muruku, it seems that most of the packs are missing some of the ingredients. They do not state the tapoica starch as an ingredient, which I find is pretty strange. How could they have missed out on such an important ingredient and it seems that the tapoica starch ingredient is still missing from lots of packs I have seen.

Nice design. That flaming chicken. And of course that crawling baby is just so iconic. Pretty sure most Singaporean or Malaysian would recognize that. This is a big pack . Around 65g of snacks for you to enjoy. And don’t worry, it is not spicy at all. I even lick my fingers after consuming them and didn’t really feel any burn. Good for anyone who likes a little kick but cannot really handle the heat. Hey, that is me as well.

Yes spicy chicken flavoured muruku. If I am not wrong, Muruku are Indian snacks that are slightly crunchier than most other snacks. Quite popular in Singapore. They are usually curled into circles and fried. From what I know, they are usually made from rice flour and sold in those Indian food stores. I have eaten some that were dipped in sugar syrup!

The back of the pack. Tons of information for users to digest.

They are made in Malaysia as would most of the local snacks in Singapore. It has been a long time since I travelled to Malaysia – this pandemic is not letting anyone travel. Yes I do miss Malaysia a lot. But I heard from my friends that Johor Bahru has completely changed and lots of businesses have closed down. But here is hoping that Johor Bahru will recover once the pandemic is over.

Some nutritional facts. That is quite a lot of fat and sodium though. However I never find it very salty, especially when compared to all those potato chips being sold in our local super markets. So where did all those “sodium” go to?

Sorry about the slightly blurred photo. The ingredients are Yellow Dhall Powder, Vegetable Oil, Tapoica Starch, Sugar, Chilli Powder, Salt, Chicken Curry Powder and MSG. That Ammonium Bicarbonate is just there to make it crispy. The texture does feel a bit like eating those fried chickpeas.

There you have one. It is actually a pretty small piece of snack. Very crispy even if you have left it out in the open for a few hours. Great as a general snack. From the looks of it, I think that this is baked. Maybe “healthier” compared to those that have been fried? As mentioned, the spicy chicken flavour is mild and nothing too special. But then this snack has always been very mild. I have eaten the original for years and never even knew it had fish sauce in it! Checked with a few of my friends and they too were surprised that it had fish sauce in it.

I have done a few other snack reviews you might like to check them out – All Like Banana Chips, Hershey’s Dark Chocolate & Natierra Japanese Spice Blend.

Crypto Investments

Epic altcoin season is here?

I am not one for click bait titles but alas I do need the clicks. Na, I am just kidding but this is exactly what I have been reading in the news recently. Everyone seems to suggest that we will see one of the largest growth in altcoins in the coming months. Poor Bitcoin seems to be lagging behind in terms of growth and public/institutional interest. I can understand that. The price chart seems to suggest that as well and I kind of agree that we will see huge growth in altcoins very soon as well. However do not count Bitcoin out just yet. I always say that Bitcoin is the most important stat that traders and investors look at when they are thinking of buying or selling cryptocurrencies We all cannot deny this fact. If Bitcoin falls hard, it will carry the rest of the crypto market with it. And if it pumps, the market will pump with it.

With that said, yes I believe altcoin season is coming very soon! For those who don’t know what an altcoin is, well it is basically a cryptocurrency that is not Bitcoin. Perhaps the use of the word “alt” in altcoin is wrong but that is what all these cryptocurrencies are currently termed as. So…. We have seen altcoins like Solana rallying since September despite what is happening to Bitcoin. And looks like it is not stopping anytime soon. It has even surpass its all time high! The numbers are just mind boggling. How about Avalanche? The price keeps going up and up. I don’t think it will stop either. What about LUNA? The general sentiment very bullish about these coins. And there are still plenty of altcoins which I have not covered yet. Nothing is suggesting that the altcoin season is going to be over anytime soon either. But I am guessing that might just be the issue with altcoins – just so many of them out there! Everyday we hear of a new project or some blockchain that got funded by someone with a few million dollars and the price will then pump because of it. Most of these altcoins do not yet have a mature ecosystem. Yes I agree that the cryptosphere is still very young and there are lots of growth that can occur, even in the next few decades. But I think the ecosystem is also very saturated and dare I say – confusing. Furthermore there are just so many scams and hacks in the cryptosphere. I read them on the news nearly everyday. There seem to be are way less scams or hacks involving Bitcoin than those for altcoins.

Yes there are also some very attractive looking “old” altcoins like Litecoin which are also attracting some interest from investors. However for me I think they are something too similar to Bitcoin and usually don’t serve much use except as a store of value. So what is the point of investing in something like Litecoin if Bitcoin is available? And I would rather invest in Cardano or Ethereum or Polkadot as these are blockchains that have more real-use cases. Can’t wait to see what the Cardano ecosystem is going to develop into. I have been eyeing Cardano for quite sometime and I think they will definitely do well. Yes sure looks like ADA (native token for Cardano) did not really pump that much after smart contracts were implemented but I am guessing there were some market manipulation going on.

Anyway it is a very exciting time for altcoins. Plenty of projects are launching and this should get more people excited and interested in the cryptomarket. And this is a good thing. No longer will the cryptosphere be thought of as “free internet money” right? And yes I am no financial advisor. You should always do your own research as it is your own money when it comes to investing.

Crypto Mobile Crypto News

Hi Dollars launches their earnings feature

And about time I might add. Definitely a very positive move for the Hi Dollar project. It is great to see the project actually moving along. The Hi game that was recently introduced was a bit of a letdown for me – I am not really into mobile games and not something I enjoy at all. And Hi Dollar is a serious project. But from what I can gather from the telegram group, seems like they have been a good number of players enjoying the Hi game. Well good for them. The more users(or members) are engaged, the more they will stick with Hi Dollars. But I digress. We are here to talk about their earnings feature. This is the feature I have been looking for. If I am not wrong, it was supposed to be launched in the beginning of the month. Not sure what happened or why it was delayed.

So if you have purchased some Hi tokens already and they are just sitting idly in the flexible account and you will not be trading them anytime soon, put them in your savings account to earn some interest.

Above are the estimated APY if you put Hi Dollars in the corresponding period. Remember that APY means that the earnings include compound interest. But still the numbers do look pretty good right? Definitely better than what I get from my Nexo interests. And let’s not talk about traditional banks and their interest rates. Even the Nexo native token does not have the kind of interest that Hi offers. But then the APY% is jus an estimate and not an guarantee. Note that the APY% will change from time to time. Note that the Payout Daily is locked for that period. This means that there is no way to redeem them early but it is being paid out daily. For the Payout to be End of Term (EOT), you can “redeem” early however you can only accrue interest to that point.

Other than savings in Hi, they do support other cryptocurrencies as well. At the time of writing, they have support for BTC, ETH, USDT, USDC, BUSD, DOGE (yucks!), LTC, BNB, TUSD and DAI. However none of the other cryptocurrencies (and stablecoin) yield is that good either. And you get paid in Hi token in all their products which I think not many investors would want that. Most people will prefer getting back the same type of crytocurrency they put it. However if you prefer keeping everything in one basket, you will need to transfer your cryptocurrencies to their wallet to start earning. There are other lending platforms that give you better returns.

For me, I will usually go for the higher yield product but for the time being, I will stick with the one with the shortest period. Note that you can only use your flexible account for the savings plan. So for those are did not invest any money into the Hi Dollar project and depending on the Hi Dollar daily rewards, you will have to wait till the the lockup period is over before you can start investing. Furthermore it seems that if you are living in the US, you are out of luck. The SEC threatened Coinbase with a lawsuit if they went ahead with their own high yield product and I think the Hi Team do not want the extra headache. Sorry my readers from the US, you are not allowed in for their earning plan. I will definitely keep you guys updated.

[update: 02-Oct-2021]Below is a screenshot of my earnings return. It is indicated as Yield Payout. The problem is that I purchased Hi Dollars via the 4 year daily release plan, so I only have a little to add to my earnings.

[Update: 17-Sept-2021]It looks like Hi is also going offer its members “Hi Benefits” very soon. From what little information that was provided, it seems one of the benefits is to give its members access to “Masterclass“. Mostly online classes taught by those experts. If you have been on Youtube for some time, you should have seen some of the advertisements for Masterclass. Not too shabby to learn stuff from some of the biggest names (aka celebrities) out there. Of course there is a minimum requirement to be able to reap this benefit – it should be around 1k Hi Dollars in the vault and earnings account.

Crypto Technology

Difference between coin & tokens – cryptocurrencies

I know that they are often used with no regards to the meaning in the crypto sphere. Heck I am guilty of that too. Nobody really cares too much about the terms as long as everyone understands what they meant right? I have even seen major crypto sites doing that as well. But actually there is a difference between what is a coin and what is a token when we are talking about cryptocurrencies.

The most important is to understand when talking about this is what platform the coin or token is running on. Does it have its own blockchain? If it does, then it should be termed as a “coin”. Examples of coins are Bitcoin, Litecoin or Ethereum. They have their own blockchain – the Bitcoin network, the Litecoin network and the Ethereum network. So the rest running on another blockchain are called “tokens”. For example Hi Dollars token is currently running on the Ethereum network. These are ERC20 tokens. They make use of someone else’s blockchain and pay a fee to transact on that blockchain. The main advantage would be there is no need to maintain and to upgrade the blockchain. It would be left to the developers of the blockchain. In the example of Hi Dollars, that would be Ethereum and they are the ones who are responsible for the blockchain. This can simplify the work for the Hi Dollars team and they can concentrate on the project itself without spending resources and time to create another blockchain network. Another example would the Uniswap token and it is a ERC-20 token as well. Of course there are now numerous other layer 1 blockchains available like EOS, Cardano, Binance Smart Chain and Elrond among others. To make it simple, these should be termed “coins” while other representations running on these blockchains are “tokens”.

With that said, there are actually quite a number of different types of tokens themselves. Some tokens are meant for gas fees (transaction fees and this is the most common), some are meant for utility, some are meant for governance and of course there are non-fungible tokens (NFTs). For those who don’t know what are non-fungible tokens, where have you been living!? It is probably one of the hottest items in town these days. Everybody is talking about it. Oh and there is also such a thing as a security token – these are tokens what represent something of value in the “real world”. Perhaps some token that represent stocks in an exchange – it “bridges” the traditional finance to the crypto world. Hence it is view as an “security asset”.

Well I hope this clears up some confusion. Yes honestly I don’t think these terms are really that important to the retail investor but it is good to know. Take care all!